State supervision over financial activities

State supervision of financial activities I have chosen this topic because financial supervision plays a very important role as it ensures stability of financial markets and thereby helps to stabilize national economies. Contemporary legislation in the area of financial supervision is undergoing major changes in order to reflect devastating impact of the financial crisis. Therefore it is substantial to analyze this legislation because its effect on financial law can be significant. The aim of this thesis is to analyze financial supervision and its different methods together with the proposed changes of financial supervision in the European Union. I have decided to concentrate on current and proposed legislation in the European Union because it will directly affect the Czech Republic as a member state. Chapters two and three explain the term financial supervision and major methods of financial supervision used in different countries. Chapter four analyzes legislative aspects of financial supervision in Czech Republic and its major current objectives. Legal status of the Czech National Bank as an integrated financial supervisor is also assessed in this chapter. Different types of financial supervision are then compared in chapter five. No financial supervision method is preferred because I believe..